$BCH: The 1H confirmation level is below 274.73, with sufficient volume.
Observation: 4H EMA20 (277.594) is below EMA50 (278.485); 1H confirmation requires a close below 274.73, while the risk is a close above 284.56.
Pair: BCHUSDT
Scenario: SHORT
Trigger: 1H candle closes below 274.73 with volume at or above the 20-candle average
Entry: 274.73
SL: 284.56
TP1: 259.98
TP2: 251.13
R:R TP1: 1.50
Invalidation: 1H candle closes above 284.56
What’s your read if the 1H candle closes below 274.73 with volume at or above the 20-candle average?
#BCH #Crypto
This analysis is for reference only and is not investment advice.
Observation: 4H EMA20 (277.594) is below EMA50 (278.485); 1H confirmation requires a close below 274.73, while the risk is a close above 284.56.
Pair: BCHUSDT
Scenario: SHORT
Trigger: 1H candle closes below 274.73 with volume at or above the 20-candle average
Entry: 274.73
SL: 284.56
TP1: 259.98
TP2: 251.13
R:R TP1: 1.50
Invalidation: 1H candle closes above 284.56
What’s your read if the 1H candle closes below 274.73 with volume at or above the 20-candle average?
#BCH #Crypto
This analysis is for reference only and is not investment advice.
